Growth Metrics

Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)

Tradeweb Markets' quarterly Share-based Compensation came in at $25.1 million in Q1 2026, up 12.95% year-on-year from $22.2 million in Q1 2025, and down 11.46% quarter-over-quarter from $28.3 million in Q4 2025.

Tradeweb Markets has reported Share-based Compensation for 9 years, with the latest figure at $25.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Share-based Compensation rose 12.95% year-over-year to $25.1 million; the trailing twelve-month figure through Mar 2026 stood at $106.4 million (up 11.5% YoY), and the FY2025 full-year result was $103.5 million, up 15.49% from the prior year.
  • Share-based Compensation for Q1 2026 stood at $25.1 million, down from $28.3 million in the prior quarter.
  • The five-year high for Share-based Compensation was $28.3 million in Q4 2025, with the low at $11.6 million in Q1 2023.
  • Average Share-based Compensation over 5 years is $20.6 million, with a median of $21.0 million recorded in 2022.
  • Year-over-year, Share-based Compensation soared 68.96% in 2022 and dropped 25.04% in 2023.
  • Tracing TW's Share-based Compensation over 5 years: stood at $17.2 million in 2022, then advanced by 18.86% to $20.5 million in 2023, then grew by 14.2% to $23.4 million in 2024, then increased by 21.15% to $28.3 million in 2025, then declined by 11.46% to $25.1 million in 2026.
  • The last three Share-based Compensation figures came in at $25.1 million (Q1 2026), $28.3 million (Q4 2025), and $26.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 571.00 Mn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 2.53 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 138.00 Mn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 92.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 33.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 51.80 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 23.06 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 31.49 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 25.06 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 50.87 Mn

Historic Data

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DateValue
Mar 31, 2026 25.06 Mn
Mar 31, 2026 25.06 Mn
Dec 31, 2025 28.31 Mn
Dec 31, 2025 28.31 Mn
Sep 30, 2025 26.14 Mn
Sep 30, 2025 26.14 Mn
Jun 30, 2025 26.91 Mn
Jun 30, 2025 26.91 Mn
Mar 31, 2025 22.19 Mn
Mar 31, 2025 22.19 Mn
Dec 31, 2024 23.36 Mn
Dec 31, 2024 23.36 Mn
Sep 30, 2024 26.17 Mn
Sep 30, 2024 26.17 Mn
Jun 30, 2024 23.72 Mn
Jun 30, 2024 23.72 Mn
Mar 31, 2024 16.40 Mn
Mar 31, 2024 16.40 Mn
Dec 31, 2023 20.46 Mn
Dec 31, 2023 20.46 Mn
Sep 30, 2023 17.35 Mn
Sep 30, 2023 17.35 Mn
Jun 30, 2023 15.71 Mn
Jun 30, 2023 15.71 Mn
Mar 31, 2023 11.61 Mn
Mar 31, 2023 11.61 Mn
Dec 31, 2022 17.21 Mn
Dec 31, 2022 17.21 Mn
Sep 30, 2022 14.76 Mn
Sep 30, 2022 14.76 Mn
Jun 30, 2022 20.96 Mn
Jun 30, 2022 20.96 Mn
Mar 31, 2022 13.71 Mn
Mar 31, 2022 13.71 Mn
Dec 31, 2021 15.00 Mn
Dec 31, 2021 15.00 Mn
Sep 30, 2021 13.78 Mn
Sep 30, 2021 13.78 Mn
Jun 30, 2021 12.41 Mn
Jun 30, 2021 12.41 Mn
Mar 31, 2021 10.76 Mn
Mar 31, 2021 10.76 Mn
Dec 31, 2020 11.21 Mn
Dec 31, 2020 11.21 Mn
Sep 30, 2020 9.76 Mn
Sep 30, 2020 9.76 Mn
Jun 30, 2020 10.35 Mn
Jun 30, 2020 10.35 Mn
Mar 31, 2020 7.97 Mn
Mar 31, 2020 7.97 Mn
Dec 31, 2019 49.82 Mn
Dec 31, 2019 49.82 Mn
Jun 30, 2019 27.29 Mn
Jun 30, 2019 27.29 Mn
Mar 31, 2019 4.67 Mn
Mar 31, 2019 4.67 Mn
Sep 30, 2018 -31.96 Mn
Sep 30, 2018 -31.96 Mn
Mar 31, 2018 5.95 Bn
Mar 31, 2018 5.95 Bn